PYMNTS-MonitorEdge-May-2024

Lyft

Lyft, Inc. is a ridesharing company based in San Francisco, California and operating in 640 cities in the United States and 9 cities in Canada. It develops, markets, and operates the Lyft mobile app, offering car rides, scooters, and a bicycle-sharing system.

Source: lyft.com

Uber Hopes UK Airline Bookings Will Speed Super App Takeoff
Uber Hopes UK Airline Bookings Will Speed Super App Takeoff
May 10, 2023  |  Ridesharing

Uber has reportedly added flight bookings in the U.K. to fuel its super app ambitions. The changes let customers in Great Britain schedule full journeys...

READ MORE >
First-Quarter Earnings Calls Show Shift From Growth to Efficiency
First-Quarter Earnings Calls Show Shift From Growth to Efficiency
May 01, 2023  |  Earnings

A shift from growth to efficiency is showing up in earnings calls across industries. With half of the S&P 500 having held calls for last...

READ MORE >
Lyft Cuts Quarter of Staff to Drive Down Costs
Lyft Cuts Quarter of Staff to Drive Down Costs
April 27, 2023  |  Personnel

Lyft will reduce its staff by 26% as the rideshare service looks to bring down costs. The company said last week it would “significantly reduce”...

READ MORE >
Lyft to ‘Significantly Reduce’ Workforce April 27 as It Restructures
Lyft to ‘Significantly Reduce’ Workforce April 27 as It Restructures
April 21, 2023  |  Ridesharing

Lyft will “significantly reduce” the size of its workforce next week. The company did not specify the number of employees who will be affected, instead...

READ MORE >
NCR and Payfare Team to Help Gig Workers
NCR and Payfare Team to Help Gig Workers
April 12, 2023  |  Gig Economy

Payfare, a FinTech serving gig workers, has expanded its partnership with digital banking provider NCR. Under the new collaboration, NCR will offer “self-service financial solutions...

READ MORE >
Nearly Half of US Consumers Use Digital for Travel, Healthcare and Smart Home Tech Activities
Nearly Half of US Consumers Use Digital for Travel, Healthcare and Smart Home Tech Activities
April 04, 2023  |  Connected Economy

The connected economy expands with each new activity consumers perform via digital means, and those are increasing, as the average consumer now engages in 28...

READ MORE >
Growing Economic Challenges Have Startups Starting Over With Experienced CEOs  
Growing Economic Challenges Have Startups Starting Over With Experienced CEOs  
March 28, 2023  |  Startups

In today’s tough macroeconomy, businesses are making tough choices to ensure they survive. In some cases, that even means sunsetting a company founder to bring...

READ MORE >
Lyft’s CEO Shakeup Hints at Need to Think More Like Uber
Lyft’s CEO Shakeup Hints at Need to Think More Like Uber
March 28, 2023  |  Ridesharing

Lyft could use a lift. At this writing, the company’s shares are trading at a bit over $9.60, well off recent peaks of more than...

READ MORE >
Lyft Appoints Former Amazon and Microsoft Exec David Risher CEO as Founders Step Back
Lyft Appoints Former Amazon and Microsoft Exec David Risher CEO as Founders Step Back
March 27, 2023  |  Personnel

Locked in competition with Uber, which controls roughly 74% of the U.S. rideshare market, Lyft is changing leadership by appointing a new CEO as the...

READ MORE >